secwatch.observer — SEC 8-K summary
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Issuer:     Simpson Manufacturing Co., Inc. (SSD)
CIK:        0000920371
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0000920371-24-000089
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simpson Q1 net sales $530.6M (-0.7% YoY); EPS $1.77 vs $2.05; op margin 18.1%
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- Net income $75.4M ($1.77 diluted EPS) down from $88.0M ($2.05) a year ago.
- North America volumes +8% lbs shipped, but net sales flat at $406.7M due to price cuts and discount timing.
- Europe net sales fell 3.4% to $119.9M on lower volumes; gross margin slid to 36.4% from 37.5%.
- FY 2024 guidance: operating margin 20.0%-21.5%, capex ~$185M (incl. $105M for facility expansions).
- Consolidated gross margin 46.1% vs 47.3%; operating margin 18.1% vs 22.1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920371/000092037124000089/0000920371-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920371/000092037124000089/ssd-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000920371-24-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer